New to sourcing pallets or cases of liquidation goods? Buying wholesale lots can be very cost-effective, but when your order contains possibly hundreds of individual items, efficiency is critical. While buying and processing in wholesale quantities can feel intimidating if you’re just getting started, we have some tips to help you stop wasting time. (After all: time is money!) Here are five essential steps to sort and process your wholesale pallet or case effectively. 1. Clear Your Space Before receiving […]
Let’s get down to the nuts and bolts of the reselling business. Learn tips and tricks for managing logistics, from storing to packing to shipping.
Delabeling, sometimes also referred to as defacing, is a common process that some retailers require of resellers when their overstock goods are being sold on the secondary market. Sourcing and selling delabeled merchandise presents a fantastic reselling opportunity, though it’s important to understand and follow a retailer’s policies when sourcing these types of liquidation lots. Before purchasing lots that require delabeling or defacing, you’ll be asked to agree to take specific steps in processing the inventory, but it’s a good idea to understand […]
No matter where a reseller sources products, they’re bound to find merchandise that, though valuable, is a little rough around the edges. Sometimes the damage is a result of poor shipping and handling. Products found at clearance, at a secondhand store, or at a yard sale pass through many hands and often aren’t treated delicately. While some make their living fixing and reselling goods, this can be frustrating for resellers who don’t—and there are two reasons why. First, standards for […]
In the buying and selling for profit business, you are constantly balancing the time and money equation. It can be challenging, since input doesn’t always match output. Just because you spent three hours sourcing doesn’t mean you necessarily have valuable merchandise to show for it. Sometimes, you may spend no time at all and find yourself with a gold mine. Admittedly, simply stumbling upon high-grossing product is rare—and it’s definitely not something you can count on. So instead, your goal is […]
The reselling business comes with a lot of choices. Do I sell online or offline, Amazon or eBay? What kind of merchandise should I sell? How much should I sell? It’s a lot to consider. One of the most important questions resellers ask themselves is, where should I run my reselling business? Some resellers do all of their business, from retail arbitrage to sale, directly out of their house. Others separate the two, and still others have some kind of […]